Internal Review and Audit Compliance Office (IRACO)
The Internal Review and Audit Compliance Office, or IRACO, is an indispensable tool available to Army commanders to help identify efficiencies, strengthen management control systems, and improve the effectiveness of risk management.
The IRACO Program is flexible to meet commanders' immediate needs. IRACO addresses these needs through timely attestation engagements, assurance services, and increased emphasis on new or real-time risks and controls. IRACO emphasizes responsive and solution- oriented services using professional methodologies, staff facilitation, commander oriented focus, local knowledge, current technology, and objectivity to make improvement recommendations and manage inherent risks.
- Mission
- Capabilities
- Fraud, Waste & Abuse
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IRACO's mission is to perform independent and objective review and analysis for activities within the command or agency designed to add value and improve its organization's operations and to help an organization accomplish its objectives by bringing a systematic disciplined approach to foster a positive and strong management control environment.
The IRACO has the personnel and equipment to perform (in priority order):
- Attestation Engagements (Formal and Special Reviews)
- Audit and Attestation Engagement Follow-Up
- Consulting and Advisory Services
- Liaison with External Audit Organizations
- Management Control Program Oversight
An attestation engagement is an objective examination or review of evidence for providing an independent assessment on risk management, control, or governance processes for an organization. Examples may include financial, performance, compliance, and systems security engagements.
These engagements are either formal reviews or special reviews. Formal Reviews are those scheduled on the annual IRACO plan. Special Reviews are unprogrammed, focus on performance in a very limited area, and may be time sensitive.
Follow-up is the collective effort between IRACO and commanders to:
- Ensure that responsible personnel take prompt and effective corrective action to implement approved recommendations in IRACO, USAAA, DoDIG, GAO, and commercial review and/or audit reports.
- Ensure that controls are adequate to prevent recurrence of deficiencies.
Follow-ups can be either formal or informal.
Formal follow-up: IRACO will normally conduct formal follow-ups on significant findings and recommendations. A formal follow-up involves analytical work to determine the status of corrective actions and whether such actions have been effective in eliminating or reducing reported conditions/risks. IRACO evaluators will determine the actual monetary benefits that resulted from implementing the recommendations for recommendations with potential monetary benefits.
Informal follow-up: Less significant findings and recommendations usually have informal follow-ups. Informal procedures normally involve communication with and written supporting documentation obtained from the manager responsible for effecting corrective actions; this type of follow-up involves minimal actual review work. The use of informal follow-up techniques can often save substantial review time and reduce travel costs.
Consulting and advisory services are advisory and related client service activities, the nature and scope of which the client agrees upon and which potentially add value and improve an organization's operations. Examples include: counsel, advice, facilitation, process design, and training.
IRACO serves as the primary action office for monitoring all actions related to audits, surveys, and reviews performed by the USAAA and all external audit agencies (i.e. GAO, DoDIG, and commercial audit firms) from the time the of the audit announcement until the Army establishes an official position.
The IRACO assists and advises responsible command elements in preparing command replies. IR ensures command replies to audit products are accurate, responsive, properly coordinated with responsible command elements and meet suspense dates.
The IRACO director reviews the Management Control Program (MCP) annual assurance statement and provides advice to the commander on MCP effectiveness, including the independence, thoroughness, integrity, and validity of the program.
The IRACO director ensures consideration of weaknesses identified through internal reviews and external audits during preparation of the commander's annual assurance statement.
The IRACO has an independent fraud, waste and abuse hotline, 808-655-8121, so garrison employees can call in and express their concerns and report improper, unethical or illegal conduct. Employees, contractors, and vendors may use the hotline.
To submit a report, use the USAG-HI Internal Review Hotline Form and either fax to 808-655-0791 or email to Internal Review.
- Director: 808-655-0789
- Accountants (Internal Review Evaluators): 808-655-0793, 0796 or 0797
- Program Evaluator: 808-655-0798
- Fax: 808-655-0791